Stock Market & Financial Investment News

Time Warner Cable sees FY14 revenue growth in low end of 3.5%-4.5%FY14 revenue consensus of $23.02B. The company said it does not expect to have any additional affiliate agreements for Dodgers this year, and expects SportsNet LA to cost the company 50 basis points in revenue growth. Including the benefit, the company had seen a 4%-5% revenue growth for 2014. Adjusting for the lack of Dodgers in its growth, the company expects to see revenue and adjusted OIBDA in FY14 to be in the low end of its range. Otherwise, the company sees typical sequential trends in Q3, with total company OIBDA weighted towards Q4. Comments taken from Q2 earnings conference call.

Time Warner Cable price target raised to $219 at WunderlichWunderlich analyst Matthew Harrigan raised his price target for Time Warner Cable to $219 citing a "high confidence" that the takeover by Charter (CHTR) will win regulatory approval. The analyst's 2016 floor value as a standalone entity is $187 per share. He keeps a Buy rating on Time Warner Cable.

Time Warner Cable reports Q2 Residential revenue $4.76BThe growth in residential high-speed data revenue was the result of growth in high-speed data subscribers, as well as an increase in average revenue per subscriber primarily due to increases in prices and equipment rental charges and a greater percentage of subscribers purchasing higher-priced tiers of service. Residential video revenue decreased due to a year-over-year decline in video subscribers, partially offset by an increase in average revenue per subscriber primarily as a result of price increases, higher transactional video-on-demand revenue and growth in premium network revenue. Residential voice revenue decreased due to lower average revenue per subscriber offset, in part, by growth in voice subscribers.